DYNACO
ActiveSummary
DYNACO has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,431 and a net result of €38,996. Equity is growing by about 63% per year across the filed financial years. Its solvency ranks better than 48% of 495 sector peers (NACE 94, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €136,431
- Surplus
- €38,996
- Antoine RousseauDirector
- Gauthier FerbeckDirector
- Patrick GautronDirector
Why 96lowers riskLegal form: non-profit associationSector: Activities of membership organisations (NACE 94)Liquidity: current ratio 2.69, cash €88,581Size: total assets €214,834Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 94, micro): better than 46% on solvency, 50% on liquidity, 87% on profitability and 86% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
- Appointment: Mathilde Espagnet (day-to-day manager)Resignations: Nazira El Maoufik (day-to-day…
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €100,000equity €136,431 ▲36.5%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 6% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 94, Activities of membership organisations: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,695 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Membership fees, donations, legacies and grants73 | - | - | - | €427,032 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | €298 | €4 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €29,177 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €359,128 | €394,276 | €605,574 | €581,867 | €565,800 | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,715 | €1,715 | €1,715 | €1,941 | €3,331 | €4,288 | €3,859 | €2,542 | ▼ 34.1% |
| Other operating charges640/8 | - | - | - | €79 | €200 | €75 | €1,054 | €1 | ▼ 99.9% |
| Non-recurring operating charges66A | - | - | - | €210 | €6,008 | - | €423 | €300 | ▼ 29.1% |
| Gross operating margin9900 | €398,913 | €409,813 | €370,185 | €400,246 | €407,941 | €617,938 | €628,875 | €607,615 | ▼ 3.4% |
| Operating profit (loss)9901 | -€3,084 | -€497 | €3,529 | €38,888 | €4,126 | €8,001 | €41,672 | €38,972 | ▼ 6.5% |
| Financial income75/76B | - | - | - | - | - | €182 | €213 | €69 | ▼ 67.6% |
| Recurring financial income75 | €2,436 | €1,714 | - | - | - | €182 | €213 | €69 | ▼ 67.6% |
| Financial charges65/66B | - | - | - | €59 | €48 | €54 | €45 | €45 | = |
| Recurring financial charges65 | €55 | €78 | €72 | €59 | €48 | €54 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | -€703 | €1,139 | €3,457 | €38,829 | €4,078 | €8,129 | €41,840 | €38,996 | ▼ 6.8% |
| Profit (loss) for the period9904 | -€1,613 | -€314 | €3,457 | €38,829 | €4,078 | €8,129 | €41,840 | €38,996 | ▼ 6.8% |
| Profit (loss) for the period to be appropriated9905 | -€1,613 | -€314 | €3,457 | €38,829 | €4,078 | €8,129 | €41,840 | €38,996 | ▼ 6.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €137,836 | €100,695 | €118,845 | €135,589 | €149,792 | €187,084 | €189,418 | €214,834 | ▲ 13.4% |
| Fixed assets21/28 | €7,473 | €5,758 | €4,043 | €5,762 | €8,199 | €8,500 | €6,183 | €3,761 | ▼ 39.2% |
| Intangible fixed assets21 | - | - | - | - | - | - | €1,028 | €514 | ▼ 50.0% |
| Tangible fixed assets22/27 | €7,473 | €5,758 | €4,043 | €5,762 | €7,999 | €8,500 | €5,155 | €3,127 | ▼ 39.3% |
| Plant, machinery and equipment23 | - | - | - | €3,212 | €2,631 | €2,050 | €1,468 | €887 | ▼ 39.6% |
| Furniture and vehicles24 | - | - | - | €2,550 | €5,368 | €6,450 | €3,687 | €2,240 | ▼ 39.2% |
| Financial fixed assets28 | - | - | - | - | €200 | - | - | €120 | - |
| Current assets29/58 | €130,363 | €94,937 | €114,802 | €129,827 | €141,593 | €178,584 | €183,235 | €211,073 | ▲ 15.2% |
| Amounts receivable within one year40/41 | €73,813 | €67,970 | €80,150 | €71,835 | €74,185 | €116,216 | €113,779 | €114,340 | ▲ 0.5% |
| Trade receivables40 | - | - | - | €375 | - | €298 | €66 | €50 | ▼ 24.2% |
| Other amounts receivable41 | - | - | - | €71,460 | €74,185 | €115,918 | €113,713 | €114,290 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €56,020 | €21,511 | €28,689 | €51,217 | €61,233 | €55,617 | €61,039 | €88,581 | ▲ 45.1% |
| Deferred charges and accrued income490/1 | - | - | - | €6,775 | €6,175 | €6,751 | €8,417 | €8,152 | ▼ 3.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €137,836 | €100,695 | €118,845 | €135,589 | €149,792 | €187,084 | €189,418 | €214,834 | ▲ 13.4% |
| Equity10/15 | €5,248 | €3,219 | €4,962 | €45,509 | €51,824 | €60,453 | €99,978 | €136,431 | ▲ 36.5% |
| Profit (loss) carried forward14 | -€2,225 | -€2,539 | €918 | €39,747 | €43,825 | €51,954 | €93,794 | €132,790 | ▲ 41.6% |
| Investment grants15 | - | - | - | €5,762 | €7,999 | €8,499 | €6,184 | €3,641 | ▼ 41.1% |
| Amounts payable17/49 | €132,588 | €97,476 | €113,883 | €90,080 | €97,968 | €126,631 | €89,440 | €78,403 | ▼ 12.3% |
| Amounts payable within one year42/48 | €132,588 | €97,476 | €98,883 | €90,080 | €94,968 | €123,631 | €89,440 | €78,403 | ▼ 12.3% |
| Trade debts44 | €5,105 | €7,046 | €5,875 | €9,850 | €4,130 | €12,698 | €1,319 | €2,425 | ▲ 83.9% |
| Suppliers440/4 | - | - | - | €9,850 | €4,130 | €12,698 | €1,319 | €2,425 | ▲ 83.9% |
| Taxes, remuneration and social security45 | - | - | - | €37,880 | €62,838 | €96,933 | €73,452 | €61,978 | ▼ 15.6% |
| Taxes450/3 | - | - | - | €4,401 | €8,955 | €13,690 | €14,338 | €15,917 | ▲ 11.0% |
| Remuneration and social security454/9 | - | - | - | €33,479 | €53,883 | €83,243 | €59,114 | €46,061 | ▼ 22.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,000 | €3,000 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,613 | -€314 | €3,457 | €38,829 | €4,078 | €8,129 | €41,840 | €38,996 | ▼ 6.8% |
| + Depreciation and write-downs630 | €1,715 | €1,715 | €1,715 | €1,941 | €3,331 | €4,288 | €3,859 | €2,542 | ▼ 34.1% |
| Operating cash flow (approximation) | €102 | €1,401 | €5,172 | €40,770 | €7,409 | €12,417 | €45,699 | €41,538 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,660 | -€5,768 | -€4,589 | -€1,542 | -€120 | ▲ 92.2% |
| Change in cash | - | -€34,509 | €7,178 | €22,528 | €10,016 | -€5,616 | €5,422 | €27,542 | ▲ 408% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00258136 |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00226992 |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00237227 |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00224296 |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20172096 |
| 31-12-2020 | micro format | 19-07-2021 | 2021-37000213 |
| 31-12-2019 | full format | 26-06-2020 | 2020-21200507 |
| 31-12-2018 | full format | 26-06-2019 | 2019-23600161 |
| 31-12-2017 | full format | 17-01-2019 | 2019-01700126 |
| 31-12-2013 | full format | 10-07-2014 | 2014-28800489 |
Similar companies · same sector, comparable size
Subsidies and aid
Wallonia-Brussels Federation
2021 to 2023 · 2 entries · €21,720 in total| Year | Entries | Paid |
|---|---|---|
| 2023 | 1 | €1,720 |
| 2021 | 1 | €20,000 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Antoine Rousseau |
|
| Gauthier Ferbeck |
|
| Patrick Gautron |
|
| Mathilde Espagnet |
|
| Jérôme Cogels |
|
| Nazira El Maoufik |
|
| Camille Jacques |
|
| Cédric Zeegers |
|
Owners and capital
Owners
This non-profit association has no shareholders or capital.
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-07
Gazette deed
Appointment: Mathilde Espagnet (day-to-day manager)Resignations: Nazira El Maoufik (day-to-day manager) and Jérôme Cogels (daily management delegate)4 facts ▸
- General meeting, 25-06-2026
- Director appointment, Mathilde Espagnet (day-to-day manager)
- Director resignation, Nazira El Maoufik (day-to-day manager)
- Director resignation, Jérôme Cogels (daily management delegate)
18-07
Gazette deed
Reappointments: Gauthier Ferbeck, Antoine Rousseau and Patrick GautronResignations: Cédric Zeegers (director) and Camille Jacques (day-to-day manager)7 facts ▸
- General meeting, 11-06-2025
- Director reappointment, Gauthier Ferbeck (director)
- Director reappointment, Antoine Rousseau (director)
- Director reappointment, Patrick Gautron (director)
- Director resignation, Cédric Zeegers (director)
- Other provision, “délégué(e) à la gestion journalière, jusqu'à prochaine publication” (deed in French) (3 times)
- Director resignation, Camille Jacques (day-to-day manager)
14-12
Gazette deed
Reappointments: Gauthier Ferbeck, Cédric Zeegers and 5 othersAppointment: Antoine Rousseau (director)10 facts ▸
- General meeting, 27-06-2023
- Director reappointment, Gauthier Ferbeck (director)
- Director reappointment, Cédric Zeegers (director)
- Director reappointment, Patrick Gautron (director)
- Director appointment, Antoine Rousseau (director)
- Director reappointment, Mathilde Espagnet (daily management delegate)
- Director reappointment, Nazira El Maoufik (daily management delegate)
- Director reappointment, Jérôme Cogels (daily management delegate)
- Director reappointment, Camille Jacques (daily management delegate)
- Board meeting, 17-10-2023
02-08
Gazette deed
Reappointments: Gauthier Ferbeck, Cédric Zeegers and 5 others8 facts ▸
- General meeting, 27-06-2023
- Director reappointment, Gauthier Ferbeck (director)
- Director reappointment, Cédric Zeegers (director)
- Director reappointment, Patrick Gautron (director)
- Director reappointment, Mathilde Espagnet (délégué(e) à la gestion journalière)
- Director reappointment, Nazira El Maoufik (délégué(e) à la gestion journalière)
- Director reappointment, Jérôme Cogels (délégué(e) à la gestion journalière)
- Director reappointment, Camille Jacques (délégué(e) à la gestion journalière)
Show earlier events
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21616G0022/00T002 | Brussels | 1.3 ha | 1 · 2,881 m² | 27.2 m · 8 |
| 21384D0289/00B005 | Brussels | 192 m² | 1 · 83 m² | 14.7 m · 4 |
How the parcels are linked
Articles of association
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Read from the deeds: 1 provision, deed of 27-07-2026